In the past week, STNG stock has gone down by -5.81%, with a monthly decline of -6.01% and a quarterly surge of 4.12%. The volatility ratio for the week is 2.54%, and the volatility levels for the last 30 days are 2.37% for Scorpio Tankers Inc The simple moving average for the last 20 days is -7.79% for STNG stock, with a simple moving average of 9.24% for the last 200 days.
Is It Worth Investing in Scorpio Tankers Inc (NYSE: STNG) Right Now?
Scorpio Tankers Inc (NYSE: STNG) has a price-to-earnings ratio of 6.84x that is above its average ratio. Additionally, the 36-month beta value for STNG is 0.15. There are mixed opinions on the stock, with 10 analysts rating it as a “buy,” 4 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for STNG is 46.77M and currently, short sellers hold a 3.52% ratio of that float. The average trading volume of STNG on July 18, 2024 was 717.32K shares.
STNG) stock’s latest price update
The stock of Scorpio Tankers Inc (NYSE: STNG) has decreased by -2.76 when compared to last closing price of 75.79. Despite this, the company has experienced a -5.81% fall in its stock price over the last five trading sessions. globenewswire.com reported 2024-07-17 that MONACO, July 17, 2024 (GLOBE NEWSWIRE) — Scorpio Tankers Inc. (NYSE: STNG ) (“Scorpio Tankers,” or the “Company”) announced today that on Tuesday, July 30, 2024, the Company plans to issue its second quarter 2024 earnings press release in the morning (Eastern Daylight Time) and host a conference call at 9:00 AM Eastern Daylight Time and 3:00 PM Central European Summer Time.
Analysts’ Opinion of STNG
Many brokerage firms have already submitted their reports for STNG stocks, with BofA Securities repeating the rating for STNG by listing it as a “Neutral.” The predicted price for STNG in the upcoming period, according to BofA Securities is $45 based on the research report published on July 21, 2023 of the previous year 2023.
Deutsche Bank, on the other hand, stated in their research note that they expect to see STNG reach a price target of $55. The rating they have provided for STNG stocks is “Buy” according to the report published on June 30th, 2023.
JP Morgan gave a rating of “Overweight” to STNG, setting the target price at $87 in the report published on March 08th of the previous year.
STNG Trading at -7.48% from the 50-Day Moving Average
After a stumble in the market that brought STNG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.96% of loss for the given period.
Volatility was left at 2.37%, however, over the last 30 days, the volatility rate increased by 2.54%, as shares sank -9.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.85% upper at present.
During the last 5 trading sessions, STNG fell by -6.28%, which changed the moving average for the period of 200-days by +35.50% in comparison to the 20-day moving average, which settled at $79.55. In addition, Scorpio Tankers Inc saw 21.21% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for STNG
Current profitability levels for the company are sitting at:
- 0.53 for the present operating margin
- 0.61 for the gross margin
The net margin for Scorpio Tankers Inc stands at 0.42. The total capital return value is set at 0.19. Equity return is now at value 21.39, with 12.76 for asset returns.
Based on Scorpio Tankers Inc (STNG), the company’s capital structure generated 0.32 points at debt to capital in total, while cash flow to debt ratio is standing at 0.62. The debt to equity ratio resting at 0.47. The interest coverage ratio of the stock is 4.04.
Currently, EBITDA for the company is 906.14 million with net debt to EBITDA at 1.09. When we switch over and look at the enterprise to sales, we see a ratio of 3.76. The receivables turnover for the company is 5.76for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.60.
Conclusion
In conclusion, Scorpio Tankers Inc (STNG) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
